Category: Mortgages Advice

A mortgage is usually a long-term commitment. Therefore it is not something you should take lightly. There are certain things you need to look at, before taking up a mortgage. In today’s article, I will be focusing on three of those things. That is, three key things you need to consider, when taking up a mortgage. Firstly, when taking up a mortgage, you need to look at the applicable interest rate. You need to know what the typical interest rates for mortgages (in your market) are. Then you need to ensure that what you will be paying is something that makes sense. If you have to pay a higher interest rate, there should be justification for it. Secondly, when taking up a mortgage, you need to look at the installments…